Director, RMBS Trading & Residential Credit Investing

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values:
Do good. Be good. Make good.

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates.

While our process is based on rigor, our culture is based on our guiding principles:
Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team. They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision. We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders.

Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Please note that we do not offer visa sponsorship for this position.

The Director of RMBS Trading & Residential Credit Investing is responsible for leading residential mortgage‑backed securities (RMBS) trading, whole loan trading, and private residential credit investment initiatives. This role oversees portfolio management, sourcing, pricing, structuring, and execution across a broad range of residential credit asset classes. The Director drives relative value analysis, develops proprietary analytical tools, manages junior team members, and partners cross‑functionally to deliver attractive risk‑adjusted returns.

• Manage and actively trade multi‑sector RMBS portfolio, including agency, non‑agency, CRT, NPL/RPL, and other structured credit subsectors.
• Conduct relative value analysis, performance surveillance, and risk monitoring across holdings.
• Source and evaluate market opportunities, maintaining relationships with buy‑side and sell‑side counter parties.
• Develop and enhance internal pricing models and analytical frameworks to support trading decisions.
• Oversee portfolio analytics, scenario analysis, and performance attribution.
• Build loan‑level pricing models incorporating prepayment, default, severity, and rate assumptions.
• Manage and mentor junior team members responsible for modeling and portfolio surveillance.
• Manage acquisition and disposition of whole loan asset classes.
• Coordinate transaction execution with legal, transaction management, counter parties, and servicers.
• Prepare and present detailed investment committee memoranda outlining return expectations, risk factors, and sensitivities.

• Design and implement robust portfolio monitoring and delinquency tracking frameworks.
• Develop expected loss modeling and pricing optimization tools.
• Collaborate with middle and back‑office teams to design underwriting and operational processes.

• Bachelor’s degree in Economics, Finance, Mathematics, Statistics, or related quantitative field; strong academic record required.
• 7+ years of experience in RMBS trading, whole loan trading,…